Tamilnad Mercantile Bank has reported its March quarter results, with net profit rising 28 per cent year-on-year to Rs 374 crore from Rs 292 crore, supported by growth in core income.
Net interest income for the quarter increased 24 per cent to Rs 704.4 crore, compared with Rs 568 crore a year ago, reflecting traction in lending operations.
Asset quality improved during the quarter, with gross non-performing assets declining to 0.73 per cent from 0.91 per cent sequentially, while net NPA eased to 0.18 per cent from 0.20 per cent.
Following the earnings announcement, shares of the bank rose, hitting an intraday high of Rs 694 on the NSE, up over 8 per cent eflecting investor response to profitability and asset quality trends.
The bank’s board has recommended a final dividend of Rs 12.50 per equity share of face value Rs 10 each, translating to a 125 per cent payout for FY26, subject to shareholder approval at the upcoming annual general meeting.
The results indicate steady operating performance, with income growth and asset quality supporting overall financial stability during the quarter.
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